Profile
Sector:
Consumer CyclicalIndustry:
Specialty RetailCountry:
United StatesIPO:
25 November 2003Website:
http://www.conns.comNext earnings report:
N/ALast dividends:
N/ANext dividends:
N/APrice
after hours | Fri, 05 Jul 2024 23:27:23 GMTDividend
Analysts recommendations
Institutional Ownership
CONN Latest News
Conn's reported a quarterly loss of $1.25 per share, which was lower than the expected loss of $1.57 per share according to the Zacks Consensus Estimate. This is an improvement from the loss of $1.53 per share reported in the same quarter last year.
Here is how Conn's (CONN) and Dick's Sporting Goods (DKS) have performed compared to their sector so far this year.
Conn's (CONN) came out with a quarterly loss of $2.03 per share versus the Zacks Consensus Estimate of a loss of $1.48. This compares to loss of $0.78 per share a year ago.
Conn's, Inc. (NASDAQ:CONN ) Q2 2024 Earnings Conference Call August 30, 2023 11:00 AM ET Company Participants Norm Miller - Interim CEO George Bchara - CFO Conference Call Participants Brian Nagel - Oppenheimer Kyle Joseph - Jefferies Operator Good morning, and thank you for holding. Welcome to the Conn's, Inc. conference call to discuss earnings for the fiscal quarter ended July 31, 2023.
Conn's (CONN) came out with a quarterly loss of $1.39 per share versus the Zacks Consensus Estimate of a loss of $1.48. This compares to earnings of $0.04 per share a year ago.
Conn's, Inc. shares have fallen 41% YTD and continue to underperform the S&P 500 index, with no signs of improvement in trading trends or upside catalysts. Pressure on business growth is expected to continue due to macro headwinds on consumer spending in the discretionary segment and potential increases in provisions in the lending segment. Reduced economies of scale in the retail business lead to deleverage and pressure on operating margins.
Conn's (CONN) came out with a quarterly loss of $1.52 per share versus the Zacks Consensus Estimate of a loss of $1.35. This compares to earnings of $0.25 per share a year ago.
There are near-term concerns for Carvana, Conn's, and Dollar General this week. Carvana is up 148% so far in 2023.
In investing there are pros and CONNs to any question.
Conn's Inc is a Texas based furniture, television and appliance retailer that trades at a steep discount when compared to book value adjusted for VIE consolidation. With a proven shareholder aligned CEO appointed in October, a strong growth strategy, and industry tailwinds hopefully the company can return to profitability in a year.
What type of business is Conns?
Conn's, Inc. operates as a specialty retailer of durable consumer goods and related services in the United States. It operates through two segments, Retail and Credit. The company's stores offer furniture and mattress, including furniture and related accessories for the living room, dining room, and bedroom, as well as flat and other mattresses; and home appliances, such as refrigerators, freezers, washers, dryers, dishwashers, and ranges. Its stores also provide consumer electronics comprising LED, OLED, QLED, 4K Ultra HD, 8K televisions, gaming products, video game consoles, and home theater and portable audio equipment; and home office products, including computers, tablets, monitors, and accessories. In addition, the company offers short- and medium-term financing to its retail customers; and product support services, which comprise next-day delivery and installation services, credit insurance products, product repair services, and repair service agreements. As of July 27, 2022, it operated approximately 160 retail locations in Alabama, Arizona, Colorado, Florida, Georgia, Louisiana, Mississippi, Nevada, New Mexico, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, and Virginia. Conn's, Inc. was founded in 1890 and is headquartered in The Woodlands, Texas.
What sector is Conns in?
Conns is in the Consumer Cyclical sector
What industry is Conns in?
Conns is in the Specialty Retail industry
What country is Conns from?
Conns is headquartered in United States
When did Conns go public?
Conns initial public offering (IPO) was on 25 November 2003
What is Conns website?
https://www.conns.com
Is Conns in the S&P 500?
No, Conns is not included in the S&P 500 index
Is Conns in the NASDAQ 100?
No, Conns is not included in the NASDAQ 100 index
Is Conns in the Dow Jones?
No, Conns is not included in the Dow Jones index
When does Conns report earnings?
Next earnings report date is not announced yet